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Market Chatter: Toyota Sells $2 billion Worth of Cross Shareholdings
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Market Chatter: Toyota Sells $2 billion Worth of Cross Shareholdings
Jun 25, 2024 5:10 AM

07:56 AM EDT, 06/25/2024 (MT Newswires) -- Toyota Motor ( TM ) sold $2 billion worth of cross shareholdings of listed companies in the fiscal year that ended March 31, Reuters reported Tuesday, citing its analysis of a regulatory filing.

The automaker sold 325.9 billion yen ($2.04 billion) worth of such shares, reducing its stakes to 124 from 141 previously, Reuters reported.

Toyota ( TM ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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